XML 67 R47.htm IDEA: XBRL DOCUMENT

Equity, Other Comprehensive Income and Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2024

Equity, Other Comprehensive Income and Earnings Per Share

Schedule of the components of accumulated other comprehensive loss, net of deferred taxes

Securities

Defined

Cash

Available

Benefit

Flow

(Dollars in thousands)

For Sale

Plan

Hedges

Total

Accumulated other comprehensive (loss) income at December 31, 2023

$

(25,002)

$

(2,752)

$

1,067

$

(26,687)

Other comprehensive income (loss) arising during the period

1,657

1,146

(238)

2,565

Related income tax effects

(348)

(240)

61

(527)

1,309

906

(177)

2,038

Reclassifications into net income

—

62

(6)

56

Related income tax effects

—

(13)

2

(11)

—

49

(4)

45

Other comprehensive income (loss), net of tax

1,309

955

(181)

2,083

Accumulated other comprehensive (loss) income at December 31, 2024

$

(23,693)

$

(1,797)

$

886

$

(24,604)


		Securities			Defined			Cash
		Available			Benefit			Flow
(Dollars in thousands)		For Sale			Plan			Hedges			Total
Accumulated other comprehensive (loss) income at December 31, 2022		$	(35,184)		$	(3,236)		$	1,462		$	(36,958)

Other comprehensive income (loss) arising during the period			12,883			508			(526)			12,865
Related income tax effects			(2,705)			(106)			135			(2,676)
			10,178			402			(391)			10,189

Reclassifications into net income			5			104			(6)			103
Related income tax effects			(1)			(22)			2			(21)
			4			82			(4)			82

Other comprehensive income (loss), net of tax			10,182			484			(395)			10,271

Accumulated other comprehensive (loss) income at December 31, 2023		$	(25,002)		$	(2,752)		$	1,067		$	(26,687)


		Securities			Defined			Cash
		Available			Benefit			Flow
(Dollars in thousands)		For Sale			Plan			Hedges			Total
Accumulated other comprehensive income (loss) at December 31, 2021		$	437		$	(2,055)		$	(469)		$	(2,087)

Other comprehensive (loss) income arising during the period			(45,090)			(1,465)			2,607			(43,948)
Related income tax effects			9,469			308			(671)			9,106
			(35,621)			(1,157)			1,936			(34,842)

Reclassifications into net income			—			(30)			(7)			(37)
Related income tax effects			—			6			2			8
			—			(24)			(5)			(29)

Other comprehensive (loss) income, net of tax			(35,621)			(1,181)			1,931			(34,871)

Accumulated other comprehensive (loss) income at December 31, 2022		$	(35,184)		$	(3,236)		$	1,462		$	(36,958)

Schedule of reclassifications from accumulated other comprehensive loss


		Year Ended December 31,									Line Item In the Consolidated
(Dollars in thousands)		2024			2023			2022			Statements of Income
Securities available for sale:
Reclassification of net realized losses into net income		$	—		$	(5)		$	—		Net losses on sales, maturities and calls of available for sale securities
Related income tax effects			—			1			—		Income tax expense
			—			(4)			—		Net of tax

Defined benefit plan:¹
Reclassification of recognized net actuarial losses into net income			(129)			(171)			(38)		Noninterest expenses - Other
Amortization of prior service credit into net income			67			67			68		Noninterest expenses - Other
Related income tax effects			13			22			(6)		Income tax expense
			(49)			(82)			24		Net of tax

Cash flow hedges:
Amortization of hedging gains into net income			6			6			7		Interest expense - Trust preferred capital notes
Related income tax effects			(2)			(2)			(2)		Income tax expense
			4			4			5		Net of tax

Total reclassifications into net income		$	(45)		$	(82)		$	29

1See “Note 14: Employee Benefit Plans,” for additional information.

Schedule of components earnings per share calculations


		Year Ended December 31,
(Dollars in thousands)		2024			2023			2022
Net income attributable to C&F Financial Corporation		$	19,834		$	23,604		$	29,159
Weighted average shares outstanding—basic and diluted			3,299,574			3,411,995			3,517,114